Woodbois Acquires WoodBois International ApS

WoodBois International ApS is engaged in the global trading of sawn timber sourced from 100s of exclusive timber producers throughout Africa, as well as the production of sawn timber planks and veneer from its concessions in Gabon. WBI is headquartered in Copenhagen, Denmark, with African trading operations based in Abidjan, Ivory Coast, where the company leases warehouse space for inventory. WBI has a diverse buyer base with no pronounced customer or regional concentration with sales into the Middle East (33%), Europe (17%), USA & Canada (15%) as well as into Africa (14%), South America (13%) and Asia (9%). WBI's concessions in Gabon total 102,000 acres (41,278 hectares) with an annual permitted cut of 70,000m3, the primary species of which is Okoume. The concession rights have no expiration but are renewable annually and are all located within 70km of WBI's sawmill and veneer facility in Mouila, Gabon. WBI, like Obtala, is committed to sustainable forestry management and intends to seek FSC (or similar) certification in the near future.